News

June 2023: Sign Up for BevNET & NOSH Community Calls

Community Call is a recurring series of discussions addressing timely topics within the food and beverage industry. This month, we welcome a range of guests covering topics such as demand planning, event marketing, and finding the right valuation of your business for fundraising.

With RTD In the Spotlight, Chamberlain Coffee Closes $7M Funding Round

Chamberlain Coffee, the ready-to-drink and bagged coffee brand founded by YouTube star Emma Chamberlain, this morning announced it has closed a $7 million funding round led by existing investors Blazar Capital, United Talent Agency and Chamberlain herself.

Diddy Sues Diageo Alleging Racial Discrimination

Music mogul and entrepreneur Sean “Diddy” Combs is suing business partner Diageo today alleging that the brands he co-owns with the spirits group, Cîroc Vodka and DeLeon Tequila, were given worse treatment because he’s Black.

NielsenIQ: Bev Sales Decelerate as Pricing Continues to Offset Volume Declines

Dollar sales in the two-weeks slowed from 8.7% improvement in the four-week period and +11% for the 12-weeks. Volume sales fell -4.7% in the two-week period (-3.9% for four-weeks) and average pricing “remained robust and accelerated slightly,” up by 12.9% (+12.6% for four-weeks) according to the report.

Bacardi Nears Deal To Buy Ilegal Mezcal

Spirits group Bacardi is close to an approximately $200 million deal to purchase Ilegal Mezcal, according to reporting in Bloomberg Finance. The group bought an unspecified minority stake in the major mezcal brand in 2017, granting it national distribution.

Abed Abdo Joins Organic Valley as Chief Financial Officer

LA FARGE, Wis. — Organic Valley proudly welcomes Abed Abdo as the farmer-owned cooperative’s new Chief Financial Officer (CFO). With over 20 years of experience at the helm of finance,…